In a vote ending on March 10, 2017, SGIP members approved the Merger with SEPA (Smart Electric Power Alliance). Sharon Allan, CEO and President of SGIP, and David Forfia, SGIP Chairman, announced the results in a letter to members later that day. “We are very excited about the Merger and bringing SEPA/SGIP combined benefits to our members and to the industry,” read the letter. “Both SEPA and SGIP Board of Directors have approved the merger.”
All members of record in good standing with the consortium were eligible to vote starting on February 9, 2017. Of the 117 eligible member companies, 82 voted “Yes,” 3 voted “No,” and there was one abstention.
Allan, alongside Julia Hamm, CEO and President of SEPA, announced their intent to merge in a breakfast briefing at the DistribuTECH 2017 conference last month in San Diego, California. More than 50 people attended the briefing as Allan and Hamm shared their vision and the added value it would give their members.
The increasing integration of DER and grid modernization make a merger of SGIP and SEPA fitting. Transitioning to a clean energy future requires changes to business and regulatory models while driving improved customer engagement, which is SEPA’s expertise. On the technical side, trends are driving enhanced planning and grid operations with technological advancement, which is SGIP’s expertise.
So, bringing these two organizations together will cross-fertilize their portfolios and provide a greater spectrum of offerings to members. Both organizations will operate under the SEPA brand and organizational umbrella with the completion of the merger.
However, there are two remaining items that need to be resolved to meet the conditions of the Merger Agreement—the reassignment of SGIP’s NIST (National Institute of Standards and Technology) and DOE (U.S. Department of Energy) grants, both of which are underway.
Pending the completion of those two remaining items, SGIP and SEPA are targeting March 31, 2017 to close the Merger, meaning both organizations will be operating as SEPA on April 1, 2017. Once the merger is completed, SGIP members will receive a welcome from SEPA and information about accessing SEPA member benefits.